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LSDefine
Simple English definitions for legal terms
original market
Read a random definition: in Dei nomine
A quick definition of original market:
An original market is a place where new things are sold for the first time. This can be anything from a new toy to a new stock. It's like a store that opens for the first time and sells things that no one has ever bought before. It's different from a secondary market, which is where things that have already been sold are bought and sold again.A more thorough explanation:
An original market is a type of primary market where newly available goods or services are bought and sold. This can include the securities market where new securities are issued by corporations to raise capital.
For example, when a company goes public and offers its shares for the first time, it is done through the original market. Investors can buy these shares directly from the company, and the money raised goes to the company to fund its operations and growth.
Another example is when a new product is introduced to the market. The company that produces the product will sell it through the original market to retailers or distributors who will then sell it to consumers.
The original market is important for companies to raise capital and for consumers to have access to new products. It allows for the initial buying and selling of goods and services, which can then be traded in the secondary market.